Schwab Capital Trust - Schwab Target 2060 Index Fund
SWYNX
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USD
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Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 3000 Schwab Way Westlake TX United States of America 76262
- IPO Date
- Aug 25, 2016
- CIK
- 0000904333
- Website
- schwab.com
- Similar Companies
- Business
- Schwab Capital Trust - Schwab Target 2060 Index Fund (SWYNX) is an open-end target date mutual fund that seeks capital appreciation and income consistent with its current asset allocation, designed for investors targeting retirement around 2060. The fund invests primarily in a portfolio of affiliated Schwab exchange-traded funds (ETFs), including Schwab U.S. Large-Cap ETF (SCHX, approximately 51.7%), Schwab International Equity ETF (SCHF, 24.2%), Schwab Emerging Markets Equity ETF (SCHE, 6.9%), Schwab U.S. Small-Cap ETF (SCHA, 6.5%), Schwab U.S. REIT ETF (SCHH, 5.7%), and Schwab U.S. Aggregate Bond ETF (SCHZ, 4.5%), with a minor cash allocation; this composition reflects a glide path that starts aggressive with about 95% equities and gradually shifts toward fixed income and cash over time, reaching 44% equities at the target date and further to 28% post-retirement. It operates within the target-date 2060 category, passively tracking the Target 2060 Passive Composite Index, with total net assets exceeding $1.08 billion as of December 2025, a low net expense ratio of 0.08%, and portfolio turnover around 11-13%. Launched on August 25, 2016, and managed by Schwab Asset Management, a division of The Charles Schwab Corporation (headquartered in Westlake, Texas), the fund targets individual investors, retirement plans, and institutional clients seeking diversified, low-cost retirement solutions. Geographic exposure spans U.S. equities and real estate, international developed markets, emerging markets, and U.S. aggregate bonds, serving primarily U.S.-based investors through Schwab's brokerage platforms. Recent developments include sustained asset growth to over $1 billion amid market appreciation, with total net assets rising from $912.7 million to $1.08 billion between late 2024 and December 2025, alongside annual glide path reallocations that incrementally increased fixed income exposure per the fund's progressive strategy. The fund maintained its competitive positioning with no major acquisitions, partnerships, or structural changes announced in 2024-2025, focusing instead on passive tracking efficiency and low costs within Charles Schwab's broader ecosystem, which encompasses brokerage, banking, and advisory services. Portfolio managers Zifan Tang (since inception), Patrick Kwok (since 2018), and Drew Hayes (since 2022) oversee operations from Schwab's U.S. facilities.